Wind power market forecast

Vietnam’s capacity of harnessing wind energy is remarkably promising vis-a-vis other regional countries like Laos, Thailand, and Cambodia due to its 3,000 kilometre-long coastline and tropical monsoon climate. The Vietnamese government, having recognised the potential, has been keen on publishing legislative measures to encourage investment and the development of this particular sector. Vaibhav Saxena, consultant of Vietnam International Law Firm (VILAF) Legal framework Regulations on the wind power sector span across several different laws, for instance the Electricity Law, Land Law, Construction Law, and the Law on Environmental Protection. Generally, wind power projects qualify for investment incentives under the 2014 Law on Investment and more specifically investment credits under Decree No,32/2017/ND-CP dated March 31, 2017. Decision No.37/2011/QD-TTg dated June 29, 2011 issued by the prime minister facilitates wind power projects in Vietnam and introduces the Feed-in … [Read more...] about Up-scaling wind power

(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) Joachim Seel, Lawrence Berkeley National Laboratory; Andrew Mills, Lawrence Berkeley National Laboratory, and Ryan Wiser, Lawrence Berkeley National Laboratory (THE CONVERSATION) Wind and solar energy are growing rapidly in the U.S. As these energy sources become a bigger part of the electricity mix, their growth raises new questions: How do solar and wind influence energy prices? And since power plants last for decades, what should policymakers and investors think about to ensure that investments in power infrastructure pay off in the future? Our research team at the Lawrence Berkeley National Laboratory decided to look at what effect a higher share of wind and solar will have on these questions. In our latest study, we found that high shares of these energy resources lead to several profound changes in electric power systems. In particular, our study shows how solar … [Read more...] about As more solar and wind come onto the grid, prices go down but new questions come up

Photo by Contributed Photo /Times Free Press. Breathing easier in the Valley A look at TVA emission levels compared to levels during peak periods:› Sulfur dioxide is down 98 percent from the 1978 peak.› Nitrogen oxide is down 94 percent from the 1995 peak.› Carbon dioxide is down nearly 50 percent from the 2005 peak.Source: Tennessee Valley Authority America's biggest public utility has completed the closing and cleanup of its aging fleet of coal plants to comply with clean air requirements and has done so while keeping power rate increases below the rate of inflation. When the Tennessee Valley Authority reached a settlement with the U.S. Environmental Protection Agency and environmental groups in 2011 to clean up its power generation, coal industry advocates warned closing fossil plants would push up power rates and cut jobs in TVA's seven-state region. But over the past seven years, TVA managed instead to phase out more than half of the 59 coal-fired … [Read more...] about Pollution controls don’t prove as costly as critics forecast

By Stine Jacobsen and Jose Elías Rodríguez COPENHAGEN/MADRID (Reuters) – Shares in rival wind turbine makers Siemens Gamesa <SGREN.MC> and Vestas <VWS.CO> fell on Friday as a squeeze on prices caused by reduced state subsidies took its toll on quarterly profits. The wind power industry is undergoing a period of painful readjustment as governments from Europe to Latin America rein in subsidies and turn to competitive tenders, putting pressure on prices throughout the supply chain. “It’s challenging across the board, it’s very competitive,” Vestas’ Chief Financial Officer Marika Fredriksson told Reuters. Vestas’ operating profit for the January-March period of 126 million euros (111.2 million pounds) was a decline of 40 percent and also lagged analysts’ forecast of 137 million euros. Majority owned by Germany’s Siemens <SIEGn.DE> following a merger of its wind power business with Spain’s Gamesa last … [Read more...] about Global wind turbine makers hit by subsidy squeeze